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AB50-ASA2,310,2219(c) Limitations. 1. No amount of the salary or wages paid under par. (b) 1.
20may be the basis for a credit under this subsection unless the salary or wages are
21paid for services rendered after December 31, 2025, and directly incurred to
22produce the accredited production.
AB50-ASA2,311,5232. The total amount of the credits that may be claimed by a claimant under

1par. (b) 1. shall not exceed an amount equal to the first $250,000 of salary or wages
2paid to each of the claimants employees, as described in par. (b) 1., in the taxable
3year, not including the salary or wages paid to the claimants 2 highest-paid
4employees, as described in par. (b) 1., in the taxable year, if the claimants budgeted
5production expenditures are $1,000,000 or more.
AB50-ASA2,311,963. No credit may be allowed under this subsection unless the claimant files an
7application with the state film office, at the time and in the manner prescribed by
8the office, and the office approves the application. The claimant shall submit a copy
9of the approved application with the claimants return.
AB50-ASA2,311,17104. Partnerships, limited liability companies, and tax-option corporations may
11not claim the credit under this subsection, but the eligibility for, and the amount of,
12the credit are based on their payment of amounts under par. (b). A partnership,
13limited liability company, or tax-option corporation shall compute the amount of
14credit that each of its partners, members, or shareholders may claim and shall
15provide that information to each of them. Partners, members of limited liability
16companies, and shareholders of tax-option corporations may claim the credit in
17proportion to their ownership interest.
AB50-ASA2,311,2018(d) Administration. 1. Subsection (4) (e), (g), and (h), as it applies to the credit
19under sub. (4), applies to the credits under this subsection. Subsection (4) (f), as it
20applies to the credit under sub. (4), applies to the credits under par. (b) 1. and 3.
AB50-ASA2,312,2212. If the allowable amount of the claim under par. (b) 2. exceeds the tax
22otherwise due under s. 71.23 or no tax is due under s. 71.23, the amount of the
23claim not used to offset the tax due shall be certified by the department of revenue

1to the department of administration for payment by check, share draft, or other
2draft drawn from the appropriation account under s. 20.835 (2) (bm).
AB50-ASA2,312,1133. Any person, including a nonprofit entity described in section 501 (c) (3) of
4the Internal Revenue Code, may sell or otherwise transfer a credit under par. (b) 1.
5or 3., in whole or in part, to another person who is subject to the taxes imposed
6under s. 71.02, 71.23, or 71.43, if the person notifies the department of the transfer,
7and submits with the notification a copy of the transfer documents, and the
8department certifies ownership of the credit. The transferee may first use the
9credit to offset tax of the transferor in the taxable year in which the transfer occurs
10and may use the credit only to offset tax in taxable years in which the credit is
11otherwise allowed to be claimed and carried forward by the original claimant.
AB50-ASA2,312,13124. Notwithstanding s. 71.82, no interest shall be paid on a refund based on an
13amount certified under this subsection.
AB50-ASA2,24414Section 244. 71.28 (5h) of the statutes is created to read:
AB50-ASA2,312,161571.28 (5h) Film production company investment credit. (a) Definitions.
16In this subsection:
AB50-ASA2,312,18171. Claimant means a person who files a claim under this subsection and
18who does business in this state as a film production company.
AB50-ASA2,312,21192. Film production company means an entity that creates films, videos,
20broadcast advertisement, or television productions, not including the productions
21described in sub. (5f) (a) 1. a. to g.
AB50-ASA2,313,2223. Physical work does not include preliminary activities such as planning,

1designing, securing financing, researching, developing specifications, or stabilizing
2property to prevent deterioration.
AB50-ASA2,313,734. Previously owned property means real property that the claimant or a
4related person owned during the 2 years prior to doing business in this state as a
5film production company and for which the claimant may not deduct a loss from the
6sale of the property to, or an exchange of the property with, the related person
7under section 267 of the Internal Revenue Code.
AB50-ASA2,313,985. Used exclusively means used to the exclusion of all other uses except for
9other use not exceeding 5 percent of total use.
AB50-ASA2,313,1510(b) Filing claims. Subject to the limitations provided in this subsection, for
11taxable years beginning after December 31, 2025, a claimant may claim as a credit
12against the tax imposed under s. 71.23, up to the amount of the taxes, for the first 3
13taxable years that the claimant is doing business in this state as a film production
14company, an amount that is equal to 30 percent of the following that the claimant
15paid in the taxable year to establish a film production company in this state:
AB50-ASA2,313,16161. The purchase price of depreciable, tangible personal property.
AB50-ASA2,313,18172. The amount expended to acquire, construct, rehabilitate, remodel, or repair
18real property.
AB50-ASA2,313,2219(c) Limitations. 1. A claimant may claim the credit under par. (b) 1., if the
20tangible personal property is purchased after December 31, 2025, and the personal
21property is used exclusively in the claimants business as a film production
22company.
AB50-ASA2,314,4232. A claimant may claim the credit under par. (b) 2. for an amount expended to

1construct, rehabilitate, remodel, or repair real property, if the claimant began the
2physical work of construction, rehabilitation, remodeling, or repair, or any
3demolition or destruction in preparation for the physical work, after December 31,
42025, or if the completed project is placed in service after December 31, 2025.
AB50-ASA2,314,853. A claimant may claim the credit under par. (b) 2. for an amount expended to
6acquire real property, if the property is not previously owned property and if the
7claimant acquires the property after December 31, 2025, or if the completed project
8is placed in service after December 31, 2025.
AB50-ASA2,314,1294. No claim may be allowed under this subsection unless the state film office
10certifies, in writing, that the credits claimed under this subsection are for expenses
11related to establishing a film production company in this state and the claimant
12submits a copy of the certification with the claimants return.
AB50-ASA2,314,15135. No credit may be allowed under this subsection for any amount that the
14claimant paid for expenses described in par. (b) that the claimant used to claim a
15credit under sub. (5f).
AB50-ASA2,314,23166. Partnerships, limited liability companies, and tax-option corporations may
17not claim the credit under this subsection, but the eligibility for, and the amount of,
18the credit are based on their payment of amounts under par. (b). A partnership,
19limited liability company, or tax-option corporation shall compute the amount of
20credit that each of its partners, members, or shareholders may claim and shall
21provide that information to each of them. Partners, members of limited liability
22companies, and shareholders of tax-option corporations may claim the credit in
23proportion to their ownership interests.
AB50-ASA2,315,2
1(d) Administration. 1. Subsection (4) (e) to (h), as it applies to the credit
2under sub. (4), applies to the credits under this subsection.
AB50-ASA2,315,1132. Any person, including a nonprofit entity described in section 501 (c) (3) of
4the Internal Revenue Code, may sell or otherwise transfer a credit under this
5subsection, in whole or in part, to another person who is subject to the taxes
6imposed under s. 71.02, 71.23, or 71.43, if the person notifies the department of the
7transfer, and submits with the notification a copy of the transfer documents, and
8the department certifies ownership of the credit. The transferee may first use the
9credit to offset tax of the transferor in the taxable year in which the transfer occurs
10and may use the credit only to offset tax in taxable years in which the credit is
11otherwise allowed to be claimed and carried forward by the original claimant.
AB50-ASA2,315,13123. Notwithstanding s. 71.82, no interest shall be paid on a refund based on an
13amount certified under this subsection.
AB50-ASA2,24514Section 245. 71.30 (3) (epr) of the statutes is created to read:
AB50-ASA2,315,161571.30 (3) (epr) Film production company investment credit under s. 71.28
16(5h).
AB50-ASA2,24617Section 246. 71.30 (3) (eps) of the statutes is created to read:
AB50-ASA2,315,181871.30 (3) (eps) Film production services credit under s. 71.28 (5f) (b) 1. and 3.
AB50-ASA2,24719Section 247. 71.30 (3) (f) of the statutes is amended to read:
AB50-ASA2,316,22071.30 (3) (f) The total of farmland preservation credit under subch. IX, jobs
21credit under s. 71.28 (3q), enterprise zone jobs credit under s. 71.28 (3w), electronics
22and information technology manufacturing zone credit under s. 71.28 (3wm),
23business development credit under s. 71.28 (3y), research credit under s. 71.28 (4)

1(k) 1., film production services credit under s. 71.28 (5f) (b) 2., and estimated tax
2payments under s. 71.29.
AB50-ASA2,2483Section 248. 71.34 (1k) (g) of the statutes is amended to read:
AB50-ASA2,316,7471.34 (1k) (g) An addition shall be made for credits computed by a tax-option
5corporation under s. 71.28 (1dm), (1dx), (1dy), (3), (3g), (3h), (3n), (3q), (3t), (3w),
6(3wm), (3y), (4), (5), (5f), (5g), (5h), (5i), (5j), (5k), (5r), (5rm), (6n), and (10) and
7passed through to shareholders.
AB50-ASA2,2498Section 249. 71.45 (2) (a) 10. of the statutes is amended to read:
AB50-ASA2,316,15971.45 (2) (a) 10. By adding to federal taxable income the amount of credit
10computed under s. 71.47 (1dm) to (1dy), (3g), (3h), (3n), (3q), (3w), (3y), (5f), (5g),
11(5h), (5i), (5j), (5k), (5r), (5rm), (6n), and (10) and not passed through by a
12partnership, limited liability company, or tax-option corporation that has added
13that amount to the partnerships, limited liability companys, or tax-option
14corporations income under s. 71.21 (4) or 71.34 (1k) (g) and the amount of credit
15computed under s. 71.47 (3), (3t), (4), (4m), and (5).
AB50-ASA2,25016Section 250. 71.47 (5f) of the statutes is created to read:
AB50-ASA2,316,181771.47 (5f) Film production services credit. (a) Definitions. In this
18subsection:
AB50-ASA2,317,2191. Accredited production means a film, video, broadcast advertisement, or
20television production, as approved by the state film office, for which the aggregate
21salary and wages included in the cost of the production for the period ending 12
22months after the month in which the principal filming or taping of the production
23begins exceeds $100,000 for a production that is 30 minutes or longer or $50,000 for
24a production that is less than 30 minutes. Accredited production includes a

1scripted, unscripted, reality, or competition production, but does not include any of
2the following, regardless of the production costs:
AB50-ASA2,317,43a. News, current events, or public programming or a program that includes
4weather or market reports.
AB50-ASA2,317,55b. A talk show.
AB50-ASA2,317,66c. A sports event or sports activity.
AB50-ASA2,317,77d. A gala presentation or awards show.
AB50-ASA2,317,88e. A finished production that solicits funds.
AB50-ASA2,317,119f. A production for which the production company is required under 18 USC
102257 to maintain records with respect to a performer portrayed in a single media or
11multimedia program.
AB50-ASA2,317,1312g. A production produced primarily for industrial, corporate, or institutional
13purposes.
AB50-ASA2,317,19142. Claimant means a film production company, as defined in sub. (5h) (a) 2.,
15that operates an accredited production in this state, if the company owns the
16copyright in the accredited production or has contracted directly with the copyright
17owner or a person acting on the owners behalf and if the company has a viable plan,
18as determined by the state film office, for the commercial distribution of the
19finished production.
AB50-ASA2,318,2203. Commercial domicile means the location from which a trade or business
21is principally managed and directed, based on any factors the state film office
22determines are appropriate, including the location where the greatest number of

1employees of the trade or business work, the trade or business has its office or base
2of operations, or from which the employees are directed or controlled.
AB50-ASA2,318,1834. Production expenditures means any expenditures that are incurred in
4this state and directly used to produce an accredited production, including
5expenditures for writing, budgeting, casting, location scouts, set construction and
6operation, wardrobes, makeup, clothing accessories, photography, sound recording,
7sound synchronization, sound mixing, lighting, editing, film processing, film
8transferring, special effects, visual effects, renting or leasing facilities or
9equipment, renting or leasing motor vehicles, food, lodging, and any other similar
10pre-production, production, and post-production expenditure as determined by the
11state film office. Production expenditures includes expenditures for music that is
12performed, composed, or recorded by a musician who is a resident of this state or
13published or distributed by an entity that has its commercial domicile in this state;
14air travel that is purchased from a travel agency or company that has its commercial
15domicile in this state; and insurance that is purchased from an insurance agency or
16company that has its commercial domicile in this state. Production expenditures
17does not include salary or wages or expenditures for the marketing and distribution
18of an accredited production.
AB50-ASA2,318,2119(b) Filing claims. Subject to the limitations provided in this subsection, for
20taxable years beginning after December 31, 2025, a claimant may claim as a credit
21against the tax imposed under s. 71.43 any of the following amounts:
AB50-ASA2,319,3221. To the extent the salary or wages are not claimed under subd. 2., an amount
23equal to 30 percent of the salary or wages paid by the claimant to the claimants

1employees in the taxable year for services rendered in this state to produce an
2accredited production and paid to employees who were residents of this state at the
3time that they were paid.
AB50-ASA2,319,542. An amount equal to 30 percent of the production expenditures paid by the
5claimant in the taxable year to produce an accredited production.
AB50-ASA2,319,1163. An amount equal to the taxes imposed under ss. 77.52 and 77.53, to the
7extent those taxes are not used in claiming a credit under subd. 2., that the
8claimant paid in the taxable year on the purchase of tangible personal property and
9taxable services that are used directly in producing an accredited production in this
10state, including all stages from the final script stage to the distribution of the
11finished production.
AB50-ASA2,319,1512(c) Limitations. 1. No amount of the salary or wages paid under par. (b) 1.
13may be the basis for a credit under this subsection unless the salary or wages are
14paid for services rendered after December 31, 2025, and directly incurred to
15produce the accredited production.
AB50-ASA2,319,21162. The total amount of the credits that may be claimed by a claimant under
17par. (b) 1. shall not exceed an amount equal to the first $250,000 of salary or wages
18paid to each of the claimants employees, as described in par. (b) 1., in the taxable
19year, not including the salary or wages paid to the claimants 2 highest-paid
20employees, as described in par. (b) 1., in the taxable year, if the claimants budgeted
21production expenditures are $1,000,000 or more.
AB50-ASA2,320,2223. No credit may be allowed under this subsection unless the claimant files an
23application with the state film office, at the time and in the manner prescribed by

1the office, and the office approves the application. The claimant shall submit a copy
2of the approved application with the claimants return.
AB50-ASA2,320,1034. Partnerships, limited liability companies, and tax-option corporations may
4not claim the credit under this subsection, but the eligibility for, and the amount of,
5the credit are based on their payment of amounts under par. (b). A partnership,
6limited liability company, or tax-option corporation shall compute the amount of
7credit that each of its partners, members, or shareholders may claim and shall
8provide that information to each of them. Partners, members of limited liability
9companies, and shareholders of tax-option corporations may claim the credit in
10proportion to their ownership interest.
AB50-ASA2,320,1411(d) Administration. 1. Section 71.28 (4) (e), (g), and (h), as it applies to the
12credit under s. 71.28 (4), applies to the credits under this subsection. Section 71.28
13(4) (f), as it applies to the credit under s. 71.28 (4), applies to the credits under par.
14(b) 1. and 3.
AB50-ASA2,320,19152. If the allowable amount of the claim under par. (b) 2. exceeds the tax
16otherwise due under s. 71.43 or no tax is due under s. 71.43, the amount of the
17claim not used to offset the tax due shall be certified by the department of revenue
18to the department of administration for payment by check, share draft, or other
19draft drawn from the appropriation account under s. 20.835 (2) (bm).
AB50-ASA2,321,5203. Any person, including a nonprofit entity described in section 501 (c) (3) of
21the Internal Revenue Code, may sell or otherwise transfer a credit under par. (b) 1.
22or 3., in whole or in part, to another person who is subject to the taxes imposed
23under s. 71.02, 71.23, or 71.43, if the person notifies the department of the transfer,

1and submits with the notification a copy of the transfer documents, and the
2department certifies ownership of the credit. The transferee may first use the
3credit to offset tax of the transferor in the taxable year in which the transfer occurs
4and may use the credit only to offset tax in taxable years in which the credit is
5otherwise allowed to be claimed and carried forward by the original claimant.
AB50-ASA2,321,764. Notwithstanding s. 71.82, no interest shall be paid on a refund based on an
7amount certified under this subsection.
AB50-ASA2,2518Section 251. 71.47 (5h) of the statutes is created to read:
AB50-ASA2,321,10971.47 (5h) Film production company investment credit. (a) Definitions.
10In this subsection:
AB50-ASA2,321,12111. Claimant means a person who files a claim under this subsection and
12who does business in this state as a film production company.
AB50-ASA2,321,15132. Film production company means an entity that creates films, videos,
14broadcast advertisement, or television productions, not including the productions
15described in sub. (5f) (a) 1. a. to g.
AB50-ASA2,321,18163. Physical work does not include preliminary activities such as planning,
17designing, securing financing, researching, developing specifications, or stabilizing
18property to prevent deterioration.
AB50-ASA2,321,23194. Previously owned property means real property that the claimant or a
20related person owned during the 2 years prior to doing business in this state as a
21film production company and for which the claimant may not deduct a loss from the
22sale of the property to, or an exchange of the property with, the related person
23under section 267 of the Internal Revenue Code.
AB50-ASA2,322,2
15. Used exclusively means used to the exclusion of all other uses except for
2other use not exceeding 5 percent of total use.
AB50-ASA2,322,83(b) Filing claims. Subject to the limitations provided in this subsection, for
4taxable years beginning after December 31, 2025, a claimant may claim as a credit
5against the tax imposed under s. 71.43, up to the amount of the taxes, for the first 3
6taxable years that the claimant is doing business in this state as a film production
7company, an amount that is equal to 30 percent of the following that the claimant
8paid in the taxable year to establish a film production company in this state:
AB50-ASA2,322,991. The purchase price of depreciable, tangible personal property.
AB50-ASA2,322,11102. The amount expended to acquire, construct, rehabilitate, remodel, or repair
11real property.
AB50-ASA2,322,1512(c) Limitations. 1. A claimant may claim the credit under par. (b) 1., if the
13tangible personal property is purchased after December 31, 2025, and the personal
14property is used exclusively in the claimants business as a film production
15company.
AB50-ASA2,322,20162. A claimant may claim the credit under par. (b) 2. for an amount expended to
17construct, rehabilitate, remodel, or repair real property, if the claimant began the
18physical work of construction, rehabilitation, remodeling, or repair, or any
19demolition or destruction in preparation for the physical work, after December 31,
202025, or if the completed project is placed in service after December 31, 2025.
AB50-ASA2,323,2213. A claimant may claim the credit under par. (b) 2. for an amount expended to
22acquire real property, if the property is not previously owned property and if the

1claimant acquires the property after December 31, 2025, or if the completed project
2is placed in service after December 31, 2025.
AB50-ASA2,323,634. No claim may be allowed under this subsection unless the state film office
4certifies, in writing, that the credits claimed under this subsection are for expenses
5related to establishing a film production company in this state and the claimant
6submits a copy of the certification with the claimants return.
AB50-ASA2,323,975. No credit may be allowed under this subsection for any amount that the
8claimant paid for expenses described in par. (b) that the claimant used to claim a
9credit under sub. (5f).
AB50-ASA2,323,17106. Partnerships, limited liability companies, and tax-option corporations may
11not claim the credit under this subsection, but the eligibility for, and the amount of,
12the credit are based on their payment of amounts under par. (b). A partnership,
13limited liability company, or tax-option corporation shall compute the amount of
14credit that each of its partners, members, or shareholders may claim and shall
15provide that information to each of them. Partners, members of limited liability
16companies, and shareholders of tax-option corporations may claim the credit in
17proportion to their ownership interests.
AB50-ASA2,323,1918(d) Administration. 1. Section 71.28 (4) (e) to (h), as it applies to the credit
19under s. 71.28 (4), applies to the credits under this subsection.
AB50-ASA2,324,5202. Any person, including a nonprofit entity described in section 501 (c) (3) of
21the Internal Revenue Code, may sell or otherwise transfer a credit under this
22subsection, in whole or in part, to another person who is subject to the taxes
23imposed under s. 71.02, 71.23, or 71.43, if the person notifies the department of the

1transfer, and submits with the notification a copy of the transfer documents, and
2the department certifies ownership of the credit. The transferee may first use the
3credit to offset tax of the transferor in the taxable year in which the transfer occurs
4and may use the credit only to offset tax in taxable years in which the credit is
5otherwise allowed to be claimed and carried forward by the original claimant.
AB50-ASA2,324,763. Notwithstanding s. 71.82, no interest shall be paid on a refund based on an
7amount certified under this subsection.
AB50-ASA2,2528Section 252. 71.49 (1) (epr) of the statutes is created to read:
AB50-ASA2,324,10971.49 (1) (epr) Film production company investment credit under s. 71.47
10(5h).
AB50-ASA2,25311Section 253. 71.49 (1) (eps) of the statutes is created to read:
AB50-ASA2,324,121271.49 (1) (eps) Film production services credit under s. 71.47 (5f) (b) 1. and 3.
AB50-ASA2,25413Section 254. 71.49 (1) (f) of the statutes is amended to read:
AB50-ASA2,324,181471.49 (1) (f) The total of farmland preservation credit under subch. IX, jobs
15credit under s. 71.47 (3q), enterprise zone jobs credit under s. 71.47 (3w), business
16development credit under s. 71.47 (3y), research credit under s. 71.47 (4) (k) 1., film
17production services credit under s. 71.47 (5f) (b) 2., and estimated tax payments
18under s. 71.48.
AB50-ASA2,25519Section 255. 71.64 (9) (b) (intro.) of the statutes is amended to read:
AB50-ASA2,324,232071.64 (9) (b) (intro.) The department shall from time to time adjust the
21withholding tables to reflect any changes in income tax rates, any applicable surtax
22or any changes in dollar amounts in s. 71.06 (1), (1m), (1n), (1p), (1q), (1r), and (2)
23resulting from statutory changes, except as follows:
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